The shares in the Gucci owner skipped on Monday above reports that the outgoing head of the French manufacturer Renault took over as the executive director of the combat luxury group.
Renault Actions, however, fell after his announcement on Sunday that Luca de Meo, 58, stepped off 15. July “to take new challenges outside the car sector” after five years at the head of the company.
Newspaper Le Figaro reported that De Meo would take over Kering, a French luxury group owned by Gucci, Ives Saint Laurent, Balenciaga and other Premium Brands.
Kering struggled to turn things in a guzzion, an Italian fashion house known for its bags and which makes half of the total sales of the group.
Previous reports said the Chief Executive Director of the Francois-Henry Pinault group would remain at the Presidency Group in Management.
Kering shares increased more than six percent to 183 euros ($ 212) in the morning in the morning contracts on the Paris Stock Exchange.
The shares in Renault fell 6.7 percent to 40.10 euros.
Known as a skillful expert on communicator and marketing, De Meo is credited with making a stability to the company that was in the unrest when he took 2020 years.
AUTOMACIR called more than a year crisis in waking a scandal that includes Carlos Ghosn, a former Chief of Nissan-Renault who escaped in Japan to avoid trial.
De Meo accelerated the group’s crossing to electric vehicles and pushed for a faster to move in an effort to manage the company from distress. Renault also has Brands Dacia, Alpine and Lada.
This story is originally presented Fortune.com
